Illinois Statutes Chapter 805. Business Organizations § 180/15-1. Management of limited liability company

(1) expressly provides that:

(2) includes words of similar import.

(1) each member has equal rights in the management and conduct of the company's business; and

(2) except as otherwise provided in subsection (d) of this Section, any matter relating to the business of the company may be decided by a majority of the members.

(1) each manager has equal rights in the management and conduct of the company's business;

(2) except as otherwise provided in subsection (d) of this Section, any matter relating to the business of the company may be exclusively decided by the manager or, if there is more than one manager, by a majority of the managers; and

(3) a manager:

(1) the amendment of the operating agreement under Section 15-5;

(2) an amendment to the articles of organization under Article 5;  1

(3) the compromise of an obligation to make a contribution under Section 20-5;

(4) the compromise, as among members, of an obligation of a member to make a contribution or return money or other property paid or distributed in violation of this Act;

(5) the redemption of an interest;

(6) the admission of a new member;

(7) the use of the company's property to redeem an interest subject to a charging order;

(8) the consent to dissolve the company under subdivision (2) of subsection (a) of Section 35-1;  2

(9) the consent of members to convert, merge with another entity or domesticate under Article 37 or the Entity Omnibus Act; and

(10) the sale, lease, exchange, or other disposal of all, or substantially all, of the company's property with or without goodwill.